Teekay (TK) Scheduled to Post Earnings on Thursday

Teekay (NYSE:TK) is scheduled to be releasing its earnings data before the market opens on Thursday, February 21st. Analysts expect Teekay to post earnings of ($0.09) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Teekay (NYSE:TK) last posted its earnings results on Thursday, November 15th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.22). Teekay had a negative return on equity of 2.07% and a negative net margin of 4.84%. The firm had revenue of $325.66 million during the quarter, compared to analysts’ expectations of $311.22 million. On average, analysts expect Teekay to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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NYSE TK opened at $3.66 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $364.58 million, a price-to-earnings ratio of -2.65 and a beta of 1.40. Teekay has a 1 year low of $2.92 and a 1 year high of $9.23.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, February 1st will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.01%. The ex-dividend date is Thursday, January 31st. Teekay’s dividend payout ratio (DPR) is currently -15.94%.

Several analysts have recently weighed in on TK shares. Bank of America started coverage on shares of Teekay in a research report on Monday, October 22nd. They set a “buy” rating and a $8.00 price objective on the stock. ValuEngine upgraded shares of Teekay from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Zacks Investment Research cut shares of Teekay from a “hold” rating to a “sell” rating in a research report on Saturday, December 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.50.

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